Describe International Securities Identification Number.

1.	Describe International Securities Identification Number.
Answer» Numbering System of ISIN: The numbering structure for securities in NSDL is of 12 digit alpha numeric string. The first two characters represent country code i.e. IN (in accordance with ISO 3166). The third character represents the Issuer Type. The list may be expanded as per need. Maximum issuer types can be 35 (A to Z and 0 to 8. The partly paid up shares are identified by 9). The next 4 characters (fourth to seventh character) represent company identity of which first 3 characters are numeric and fourth character is alpha character. The next two characters (the eight and ninth characters) represent security type for a given issuer. Both the characters are numeric. The next two characters (the tenth and eleventh characters) are serially issued for each security of the issuer entering the system. Last digit is check digit.

Answer»

Numbering System of ISIN:

The numbering structure for securities in NSDL is of 12 digit alpha numeric string. The first two characters represent country code i.e. IN (in accordance with ISO 3166).

The third character represents the Issuer Type.

The list may be expanded as per need. Maximum issuer types can be 35 (A to Z and 0 to 8. The partly paid up shares are identified by 9).

The next 4 characters (fourth to seventh character) represent company identity of which first 3 characters are numeric and fourth character is alpha character.

The next two characters (the eight and ninth characters) represent security type for a given issuer. Both the characters are numeric.

The next two characters (the tenth and eleventh characters) are serially issued for each security of the issuer entering the system. Last digit is check digit.

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